Advent Syndicate 780
10th Floor
1 Minster Court
Mincing Lane
London EC3R 7AA
Tel: 020 7743 8200
Fax: 020 7743 8299
Email: [email protected]
www.adventgroup.co.uk
Advent Underwriting Limited, which is part of the Advent Group,
a wholly owned subsidiary of Fairfax Financial Holdings Limited,
is authorised and regulated by the Financial Services Authority.
Advent
Syndicate 780
Facts and information 2010
Advent Capital (Holdings) PLC is a wholly
owned subsidiary of Fairfax Financial Holdings
Limited. At 30 September 2009 Fairfax held
over US$22 billion of investments and cash
and had shareholders equity of US$7.6 billion.
Duncan Lummis BSc (Hons)
Chief Underwriting Officer
Insurance career 25 years
Advent Syndicate 780 has operated in
the Lloyd’s market since 1974 developing
strong business relationships with clients
and the broking community.
Darren Stockman ACII
Active Underwriter
Insurance career 23 years
Highly experienced
underwriting team who have
been working in the Lloyd’s
market for an average of
20 years.
Long standing business
relationships with clients
spanning 30 years.
Core business focus on
property insurance and
reinsurance risks. Additional
specialist lines in:
• Marine & Aviation XL
• Energy
• Cargo
• War
• Personal Accident
• Terrorism
*References to business mix are based
on initial plans for 2010 and may change
during the year.
A.M. best Lloyd’s
market rating
Excellent
Standard & Poor’s (S&P)
Lloyd’s market rating
Strong stable outlook
*Advent Syndicate 780 projected
mix of business 2010
4%
%
1% 1
43%
25%
4%
5%
Treaty Property
Assumed Reinsurance
Treaty Casualty
Marine & Aviation Reinsurance
Property Insurance
Energy
Personal Accident
Cargo/War
17%
Premium Income
2010
North America
54%
Northern Africa
1%
Central America
1%
Caribbean
2%
South America
1%
UK
22%
Western Europe
(excluding UK)
7%
Central & Eastern Europe
1%
Asia
5%
Middle East
1%
Central & Southern Africa
1%
Oceania
4%
Reinsurance
Treaty Reinsurance
and Casualty Reinsurance
Advent Syndicate 780 has a broad based treaty
portfolio and has established itself as one of the
recognised leaders in the market. Underwriting
expertise is aligned to a commitment to
developing a detailed understanding of each
client’s account and a desire to establish longterm relationships.
We are a lead market for nationwide and regional
property business from the USA and Canada
on a catastrophe, risk excess and pro rata basis.
We write a diversified international property
portfolio with particular emphasis on catastrophe,
risk excess and pro rata accounts for business
including but not limited to the UK, Europe,
Caribbean, Central and South America, Asia
and Australasia.
Casualty excess of loss reinsurance is written on
a catastrophe/clash basis for WCA, general, auto,
medical malpractice and professional liabilities.
Personal accident reinsurance is also written
mainly on a catastrophe excess of loss basis
either for specific territories or worldwide.
Treaty Reinsurance
USA & International
• Catastrophe Excess
of Loss
• Risk Excess of Loss
• Pro-Rata Treaties
• Aggregate Covers
• Personal Accident
Reinsurance
Assumed Reinsurance
• Property Catastrophe
Excess of Loss
• Property Risk Excess
of Loss
• Casualty Excess of
Loss
• Marine Excess of Loss
(including Hull & Cargo)
• Aviation Excess of
Loss
• Personal Accident
• Terrorism
Casualty Reinsurance
• General, Auto &
Professional Liability
• Medical Malpractice
• Workers
Compensation
Assumed Non Marine, Marine
and Aviation Excess of Loss
Advent Syndicate 780 is a well known and
respected leader in Assumed Reinsurance
business, a position it has developed over the
last 30 years. The account is predominantly written on an
excess of loss basis and comprises a broad
based portfolio of non marine property, marine
excess of loss along with casualty risks written
on both a catastrophe and risk basis.
The marine excess of loss account focuses on
the marine disciplines of hull, cargo and energy,
along with aviation excess of loss.
Mix of business 2010
Treaty Property
Assumed Reinsurance
Treaty Casualty
Marine & Aviation Reinsurance
17%
43%
5%
4%
69%
Reinsurance
team
1. Jonathan Pauling ACII
Head of Reinsurance
Insurance career 20 years
All direct property treaty reinsurance, with focus
on the International account, (ex USA) both
catastrophe and risk excess
2. Philip Pearson MChem (Hons), ACII
Insurance career 12 years
All direct property treaty reinsurance, with focus
on the US catastrophe account, US property risk
excess and the Canadian account
3. Ian Jones BSc (Hons)
Insurance career 8 years
All property and property related Non-Marine
and Marine Assumed business
1
2
3
4. Tim Gorringe ACII
Insurance career 28 years
All property and property related Non-Marine
and Marine Assumed business
5. Chris Rich BA (Hons)
Insurance career 26 years
All international/USA Casualty Treaty
Contacts
For general information (excluding quotes) contact
[email protected]
or visit our website at
www.adventgroup.co.uk
4
5
Insurance
property Insurance and Personal
Accident Insurance
Advent Syndicate 780 has written worldwide
direct and facultative property insurance for over
25 years. Our current portfolio derives mainly
from North America and the UK, but we continue
to develop our international property account
and complementary terrorism book of business.
The account is made up primarily of commercial
property, personal lines and commercial
automobile physical damage insurance. Business
is written through the open market, under lineslips
and binding authorities, on both a lead and
following market basis.
We continue to develop the account through our
established relationships with our London brokers
and clients and our objective is to offer a high
quality service through our experienced team of
underwriting professionals.
We also write a Personal Accident account
underwritten through traditional binder and
lineslip facilities.
Non Marine Property
Insurance
USA & Worldwide
• Facultative & Direct
Property (Open
Market)
• Commercial/Personal
Lines Facilities
• Auto Physical
Damage Facilities
• Terrorism
UK Property
• Facultative & Direct
Property (Open
Market)
• Commercial/Personal
Lines Facilities
Energy Insurance
Worldwide
• Fixed & Floating
Platforms
• Control of Well
• Business Interruption
Cargo
War
Personal Accident
• General Personal
Accident
• Kidnap and Ransom
• Sports Disability
• US Medical Business
Energy, Cargo & War Marine Insurance
Advent Syndicate 780 underwrites a portfolio
of energy business. We subscribe to risks that
insure physical damage, cost of control, business
interruption and war from the offshore drilling
and processing operations, on a direct insurance
basis.
We underwrite a cargo and war account by way
of open market and lineslip facilities.
Mix of business 2009
1%
4
Property Insurance
Energy
Personal Accident
Cargo/War
1%
25%
%
31%
Insurance
team
1. Mark Godfrey ACII
Head of Insurance
Insurance career 31 years
All property Insurance and PA lines with
particular focus on developing the delegated
facilities account
2. Ian Haslam BA
Insurance career 12 years
All open market property including lineslips
3. Kevin Regan ACII
Insurance career 26 years
Energy physical damage risks
1
2
3
4. Sam Hui BSc (Hons)
Insurance career 22 years
Operators Extra Expenses Risks
5. Julian Pryke Dip CII
Insurance career 27 years
Binder management and cover holder audits,
management of Insurance underwriting
administration
Contacts
For general information (excluding quotes) contact
[email protected]
or visit our website at
www.adventgroup.co.uk
4
5
Advent Syndicate 780
10th Floor
1 Minster Court
Mincing Lane
London EC3R 7AA
Tel: 020 7743 8200
Fax: 020 7743 8299
Email: [email protected]
www.adventgroup.co.uk
Advent Underwriting Limited, which is part of the Advent Group,
a wholly owned subsidiary of Fairfax Financial Holdings Limited,
is authorised and regulated by the Financial Services Authority.
Advent
Syndicate 780
Facts and information 2010